Press Release: TRACK OWNERS JOIN FORCES TO DEFEAT ‘BOOKIE AMENDMENT’

[Foolish Pleasure]

Barry Meadows post is great comedy


he and other big bettors can't dope out winners so they going to bet everyone else to win by betting on the others to lose,

and that is some kind of revelation abt the utility of an exchange.



There is nothing in his post that is not addressed by lowering the win poool takeout to 5%.

[Charlie D]

That one post by B Meadows talks more sense than all your posts on this thread FP i'm afraid to say.

[Charlie D]

I have 5k i want to bet in race at a track that does not sit in NYRA or Socal

Tote is 20% i kill price, Tote is 10% i kill price, so what i have to do is reduce my stake so it won't kill price


How does the lower take help racing FP???

[Charlie D]

As stated pages back

Do the leaders want 20% of a 50k pot or 10% of 500k pot for racing

[Charlie D]

$14k in win pot at Suff race5


Race coming up at Sligo £28K in pot and rising

Do the leaders want 20% of 14k or 10% of 100k 250K, 500k, 1 million.

[Charlie D]

121 thousand Great British pounds in win pot at Sligo


Do the leaders want a slice of the above or continue to get a slice of the small sums you see in most US races.


If it's former listen to Mr B Meadow very carefully.

[Indulto]

Originally Posted by Charlie D

… You people must think, we who have been using this betting platform for years are proper dumb mother £%^%^

Originally Posted by Charlie D

You would be seeing those amounts if it were fxed odds you idiot.

Lowering take is not going to help as nobody can bet 800k without cutting thier own throat, just as now.

CD,
You’ve made virtually one third of the posts in this thread (actually 99 of 306, but who’s counting?) and you still haven’t said anything that hasn’t been said before in more convincing fashion. Now you’re not just unconvincing, you’re becoming frustrated as well.

Are you getting paid to spend all this time here? Any chance you’re employed by Betfair?

IMO Betfair is just another exploitation of racing’s excessive takeout which -- like rebates --would disappear if direct takeout were lowered to a level that maximized handle.

BTW, does Betfair share what the largest, average, and mean transactions are? How does anyone know whether the high-end transactions were actually investigated and, if so, whether or not Betfair principals/employees/associates were ever involved?

Too bad Dick Francis passed away before he could write something involving betting exchanges.

[Ernie Dahlman]

Originally Posted by Indulto

ED,
Why do you think he and Duncker are finally bringing this up now?

Indulto,

You can't successfully run a business where you constantly alienate your customers.

[DeanT]

Originally Posted by Indulto

[/color]CD,[/color]
You’ve made virtually one third of the posts in this thread (actually 99 of 306, but who’s counting?) and you still haven’t said anything that hasn’t been said before in more convincing fashion. Now you’re not just unconvincing, you’re becoming frustrated as well.

Are you getting paid to spend all this time here? Any chance you’re employed by Betfair?

IMO Betfair is just another exploitation of racing’s excessive takeout which -- like rebates --would disappear if direct takeout were lowered to a level that maximized handle.

BTW, does Betfair share what the largest, average, and mean transactions are? How does anyone know whether the high-end transactions were actually investigated and, if so, whether or not Betfair principals/employees/associates were ever involved?

Too bad Dick Francis passed away before he could write something involving betting exchanges.

it's actually pretty neat Indy (finding the betting stuff that goes on the odd time). From my understanding it sticks out like a sore thumb. I remember the Davedeynko tennis match. A friend who plays called me and said "check this out". The trading was astounding.

I think they make deals with each sport through an MOU, and part of it is integrity; kind of like NASDAQ market surrveillance.

Here is a pdf about some of it. I find it fascinating.

http://www.canadiangamingsummit.com/...WC7-Davies.pdf

[Charlie D]

Probably unlike some i have no vested interest in whether BF comes Stateside or not. As for number of posts. I have just replied to people posts mainly and it's not my fault it takes time for some people to get the message.


Took em years to realize TO is too high hasn't it.

BTW, does Betfair share what the largest, average, and mean transactions are? How does anyone know whether the high-end transactions were actually investigated and, if so, whether or not Betfair principals/employees/associates were ever involved

No idea, never had a reason to ask.

[thaskalos]

Originally Posted by Charlie D

I have 5k i want to bet in race at a track that does not sit in NYRA or Socal

Tote is 20% i kill price, Tote is 10% i kill price, so what i have to do is reduce my stake so it won't kill price

How does the lower take help racing FP???

Charlie, I like what you say...but you don't seem to understand the mentality of our country...when it comes to gambling. If you did...you would realise that exchange betting has a ZERO chance of being implemented, in our version of this great game.

Are you forgetting that we are the only country in the "civilized" world, not to widely offer legalized sports betting...at least in SOME form?

Don't you see and hear all the arguments about wide-spread curruption, that surface every time legalized sports betting is discussed...and this at a time when this form of betting is already taking place - on a wide scale - illegally?

They keep on talking about preserving the "sanctity" of the games!

Don't you think that the same arguments will resurface now...about the betting exchanges...especially since OUR game has already been rocked repeatedly by betting scandals?

How can there be radical change in the US racing industry...a field in which, staunch conservetism has reigned for so long?

[Charlie D]

It looks like it's coming thaskalos to me unless gov objects.

[Charlie D]

You can get historical betting data i believe Indulto but they don't tell you who placed bet just like an ADW doesn't.


do you want to track successful players and get a piggy back ride??

[Charlie D]

http://www.bloodhorse.com/horse-raci...cture-for-fall

At Philadelphia Park Casino & Racetrack in neighboring Pennsylvania, purses through 123 days of racing have averaged $279,470 a day for a total of $34.41 million, according to TJCIS statistics. That figure will hold when the track reopens Aug. 30 after a month-long break, but increases are planned for special days in September and October.

Llike i stated what does CHRB do when Slot fueled tracks increases purses


(Another for you to add to total Indulto)

[Indulto]

Originally Posted by Ernie Dahlman

Indulto,

You can't successfully run a business where you constantly alienate your customers.

Not unless they're Baby Boomer horseplayers.

In a recent column, Vic Zast wrote, "The country's biggest bettors converge art the Spa. The sport's most important individuals gather under its elms." Assuming the two were not intended to be perceived as mutually exclusive, was that passage accurate?